Stock Traders Purchase Large Volume of Insys Therapeutics Put Options (INSY)
Insys Therapeutics Inc (NASDAQ:INSY) was the recipient of unusually large options trading on Thursday. Stock traders purchased 2,156 put options on the stock. This represents an increase of approximately 1,300% compared to the typical volume of 154 put options.
Insys Therapeutics (NASDAQ:INSY) traded up $0.38 during midday trading on Monday, hitting $10.13. The stock had a trading volume of 936,473 shares, compared to its average volume of 2,640,000. The firm has a market cap of $742.70, a price-to-earnings ratio of -3.97 and a beta of 0.76. Insys Therapeutics has a fifty-two week low of $4.10 and a fifty-two week high of $15.02.
Insys Therapeutics (NASDAQ:INSY) last released its quarterly earnings data on Thursday, November 2nd. The specialty pharmaceutical company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.02). Insys Therapeutics had a negative net margin of 112.56% and a negative return on equity of 11.76%. research analysts forecast that Insys Therapeutics will post -0.63 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd acquired a new position in Insys Therapeutics during the 3rd quarter worth approximately $119,000. Janney Montgomery Scott LLC acquired a new position in Insys Therapeutics during the 3rd quarter worth approximately $135,000. SG Americas Securities LLC acquired a new position in Insys Therapeutics during the 2nd quarter worth approximately $138,000. Voya Investment Management LLC acquired a new position in Insys Therapeutics during the 2nd quarter worth approximately $149,000. Finally, BNP Paribas Arbitrage SA increased its holdings in Insys Therapeutics by 213.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 13,133 shares of the specialty pharmaceutical company’s stock worth $166,000 after purchasing an additional 8,940 shares during the last quarter. 25.35% of the stock is currently owned by hedge funds and other institutional investors.
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Insys Therapeutics Company Profile
Insys Therapeutics, Inc is a commercial-stage specialty pharmaceutical company. The Company develops and commercializes supportive care products. The Company’s product Subsys, is a sublingual fentanyl spray for breakthrough cancer pain (BTCP) in opioid-tolerant patients and a single-use product that delivers fentanyl, an opioid analgesic, for transmucosal absorption underneath the tongue.
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